For the second yr in a row, inflation outpaced development in U.S. engineering salaries, in line with the IEEE-USA 2023 Wage and Advantages Survey. That’s the primary multiyear dip in actual revenue because the 2000s.
In present {dollars}, the median revenue of U.S. engineers and different tech professionals who have been IEEE members grew 6 p.c from US $160,097 in 2021 to $169,000 in 2022, excluding additional time pay, revenue sharing, and different supplemental earnings, the just-released report indicated. However with inflation taking off through the survey interval, common salaries in actual (2022) {dollars} dropped $3,585, after a drop of $3,723 the earlier yr. To calculate the median, IEEE-USA thought-about solely respondents who have been tech professionals working full-time of their major space of technical competence, a pattern of three,992 folks for the newest survey.
Who’s the everyday IEEE member? He (and I take advantage of that pronoun deliberately) is 50-year-old white male with 25 years of labor expertise who supervises no less than one individual. IEEE’s demographics really hit a milestone this yr: It’s the primary time since IEEE-USA started gathering this knowledge in 1972 that girls made up greater than 10 p.c of the respondents.
Ladies nibble at gender hole whereas ethnic gaps enhance
The gender hole in pay, which has lengthy been obvious when IEEE-USA conducts wage surveys, shrunk by $7,100 in 2022, although males nonetheless considerably out-earn ladies by a mean of $26,800. In the meantime, the hole in earnings between non-Hispanic white and non-Hispanic African American tech professionals grew by $7,000 to $21,500, whereas Asian and Pacific Islander respondents got here out on high for the second time within the survey’s historical past.
What fields of engineering are most profitable? After getting knocked out of the No. 1 spot for 2021 by solid-state and different circuits engineering, shopper electronics got here roaring again for 2022, with a median wage of $230,217. Salaries for these working with solid-state circuits slipped barely, whereas these for professionals concerned in different circuits and units took a giant hit.
Pacific area extends lead
Regardless of the studies of tech staff fleeing the San Francisco Bay space, the Pacific area prolonged its lead over New England for highest median tech salaries. In reality, salaries for New England and for the West South Central area, which incorporates Texas, slipped barely.
Extra engineers are happy with their jobs—and salaries
After a giant dip in reported job satisfaction in 2021, engineers surveyed by IEEE-USA are feeling higher about their jobs—and their salaries—once more, however this satisfaction index has but to climb again to the extent it reached in 2019 and 2020, within the coronary heart of the pandemic.
IEEE-USA presents its full report for buy right here.
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